Estonian startup Funderbeam launches a marketplace for startup investments

Estonian startup Funderbeam has launched a marketplace for early-stage startup investments, a platform where investors can pool their money across borders to help startups raise capital.

On Funderbeam Markets, startup investors can trade their investments on an online aftermarket secured by the blockchain, the company said in a statement.

“The abundance of capital has radically altered the role of stock exchanges,” Funderbeam’s CEO, Kaidi Ruusalepp, said. “Rather than being places to raise capital, they’ve become exit gates for earlier investors. However, most people have very limited access to early-stage investment opportunities. Plus, mediators have made the process prohibitively expensive. We’re here to fix that and bring growth-stage opportunities to more investors and startups.”

Funderbeam also announced the first five startup syndicates created on its platform. In a nod to the company’s roots, the initial five startups were chosen from Estonia: Huntloc, Paytailor, Shipitwise, SportID, and Sportlyzer.

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Cover: Kaidi Ruusalepp launching the platform in Tallinn on 21 April 2016.

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About the author: Sten Hankewitz

Sten Hankewitz is a lifelong journalist and Deputy Editor at Estonian World. Having lived in Estonia, Spain, the UK and all around the US, he now resides in Chicago, IL. He loves to write and besides working at Estonian World and doing some occasional blogging, he writes books and contributes to other outlets in Estonia, Israel and elsewhere. He has strong convictions and he shows them unashamedly. You can follow him on Twitter, like his page on Facebook or check out his personal blog. You can write to Sten at sten@estonianworld.com.